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Mailing
Address:
Department of Economics
Landau Economics
Bldg.
Stanford University
Stanford, CA
94305-6072
E-mail:
mckinnon@stanford.edu
Tel:
(650) 723 3721 (office)
Tel: (650) 493
7018
(home)
Fax: (650) 725
5702
Courses
(including most recent syllabi)
Office Location:
Room 321, Landau Economics
Building
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CURRENT PAPERS
China's Financial Conundrum and Global Imbalances Stanford Economics Working Papers 07-005, August 2008
U.S. Current Account Deficits and the Dollar Standard’s Sustainability:
A Monetary Approach CESifo Forum, Winter 2007
Japan’s Deflationary Hangover: Wage Stagnation and
the Syndrome of the Ever-Weaker Yen
Singapore Economic Review, Vol. 52, No.3 (2007)
The Transfer Problem in Reducing the U.S. Current Account Deficit August 2007,
Journal of Policy Modeling
Why China Should Keep Its Exchange Rate Pegged to the Dollar: A Historical Perspective from Japan March 2007,
International Finance
Devaluing the dollar: A critical analysis of William Cline's case for a New Plaza Agreement (with Gunther Schnabl)
September 2006, Journal of Policy Modeling
China's Exchange Rate Appreciation in the Light of the Earlier Japanese Experience
Fall 2006, Pacific Economic Review
China's Exchange Rate Trap: Japan Redux? May 2006, American Economic Review
The Impact of China's Appreciating Exchange Rate on Interest Rates and Wages: Japan Déjá Vu (with Gunther Schnabl) July 2006,
(earlier version in CESifo Working Papers #1720, May 2006)
Current Account Surpluses and Conflicted Virtue in East Asia: China and Japan under the Dollar Standard (with Gunther Schnabl) August 2006
The World Dollar Standard and Globalization, New Rules for the Game
September 2005
Trapped by the International Dollar Standard
June 2005, Journal of Policy Modeling
Optimum Currency Areas and Key Currencies: Mundell I versus Mundell II
August 2004, Journal of Common Market Studies
China: A Stabilizing or Deflationary Influence in East Asia? The Problem of Conflicted Virture
(with Gunther Schnabl), November 2003
The East Asian Dollar Standard, Fear of Floating, and Original Sin
(with Gunther Schnabl), August 2004, Review of Development Economics
Synchronized Business Cycles in East Asia and
Fluctuations in the Yen/Dollar Exchange Rate
(with Gunther Schnabl)
The World Economy August 2003
Japan's Negative Risk Premium in Interest Rates: The Liquidity Trap
and Fall in Bank Lending (with Rishi Goyal)
The World Economy, March 2003
Optimum Currency Areas and the European Experience
Economics of Transition Volume 10 (2) 2002
The International Dollar Standard and the Sustainability of the U.S.
Current Account Deficit March 2001
Published in Brookings Papers on Economic Activity 2001
After the Crisis, The East Asian Dollar Standard Resurrected: An
Interpretation of High-Frequency Exchange Rate Pegging August 2000
Published in J. Stiglitz and S. Yusuf eds.
Rethinking the East Asian Miracle, World Bank and Oxford University
Press. May 2001
The Foreign Exchange Origins of Japan's Economic Slump and Low Interest
Liquidity Trap (with Kenichi Ohno) June 2000
Published in The World Economy 24(3)
Exchange-Rate Regimes for Emerging Markets: Moral Hazard and International
Overborrowing (with Huw Pill) Autumn 1999
Published in Oxford Review of Economic Policy 15(3)
Euroland and East Asia in a Dollar-Based International Monetary System:
Mundell Revisited August 1999
Published in Festschrift in Honor of R.A. Mundell, G. Calvo, R.
Dornbusch, and M. Obstfeld, eds. MIT Press. 2001
The East Asian Dollar Standard, Life After Death? July 1999
Published in Economic Notes 29(1)
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